amanda: and i'm amanda lang.t 10 years ago, monday, central banks around the world acted in concert to fight a global credit crisis. i spoke to stanley fischer and asked him if those in had the capacity to do so today. , everyone wasisis petrified. but with the difficulties we have today, i doubt it. amanda: by difficulties do you mean geopolitics? >> yes. it would be very difficult to get together and announce this is the way we are going to run the world. amanda: interest rates to remain low, most banks have started the path to normalization. do they have the capacity to act if they need to? some of them do, clearly some have. i should say the fed board is very high quality, the administration chose well in the administrative -- and the people it has put there. they are good. id. think they're going to say whatever you say boss. -- i do not think they will say whatever you say boss. amanda: so political interference won't work gekko >> -- work? >> if someone is pushing you every day it might affect you, but the

amanda: i'm amanda lang.sap is transforming its business from enterprise software to the cloud. bill mcdermott told me that that pivot is underway. we spoke a earlier. when we were together in 2016, i told you we would he your number one cloud company in the world. and we are. we now have 115 million users running our technology in the cloud. the cloud business model has actually superseded the on premise business model this year. meaning we are getting more revenue from the crowd -- the cloud. change is happening very quick i.t.. in sap is leaving -- leading the way. companies can be intelligent enterprises, and they conserve their customers better. amanda: you're also collaborating with other big tex players. -- big tech players. i think the hyper scalars, -- microsoft,ike , and you thinka about amazon and google in the united states. these are very strong companies. they will provide solutions that are multidimensional to companies, and over it's important that we chose a strategy where our architecture an

amanda: i'm amanda lang in toronto.ovus posting a surprise loss as the price difference between canadian and u.s. oil continues. the ceo expects the difference to ease in the months ahead. i spoke with him earlier today. reporter: in terms -- >> in terms of this quarter, the earnings impact was really generated by a number of one-time items. and i think that the real-time focus for our investors and our analysts right now is the cash flow story. and if you look at it from that perspective, it was a good quarter. the copy produced over $700 million of free cash flow and that is after absorbing a $325 million hedging loss. so if you think about it, this is a company that has the ability and reasonable commodity price environment of easily delivering $1 billion a quarter of cash flow. and that is a really good outcome and the issues on the losses are really just noise around write-offs. amanda: you are also dealing with the depressed price or the price differential between western canadian oil and u.s. oil prices. you take

amanda: thank you so much.hery: for more let's bring in money kessner, william lent company equity research analyst. we are talking about -- william equityand company research analyst. are there any reasonable valuations out there? valuations have certainly been elevated across the industry and there is still a big disparity between some companies and some that are still priced at five to 10 times 2020 sales, but compared to their peers that would be cheap. and othera companies that would be -- we hear this argument that it's not straight up hot sales but intellectual property around strains and new products sales, but in pot a lecture strains and products. how much do you expect to see with patents coming out of these valuation firms? patentsink extent of are limited. we think these companies are establishing brand awareness. the largest companies that are moving into other countries now, with the expanding global market, are establishing an advantage by being there and getting their brands out there. tothink

amanda: and i'm amanda lang.is earnings season and analysts are scouring reports for any hint of how the ongoing trade war is affecting business. one comment that is emerging is that companies are getting ready to relocate supply chains out of china. sarah, in terms of talking about are doing, i'm curious for your take on how much of this is amusing and how much of it is real. people are saying the labor costs are already going up, and they are thinking hard about it? >> this is really the first period where we saw tariffs take . fact, these -- effect so this really is where the rubber hits the road. for that president trump had threatened the tariffs, he said he would put them in the place -- into place. seen them take effect. what we are seeing from companies now is a real reaction, and there is a harder the about less about uncertainty, but more about how they are planning ahead. there are a lot of companies that are really looking and saying where can we find low cost production that isn't china? they're look

amanda: and in toronto, i'm amanda lang. league on legalization in canada, justin trudeau promised to go further than just decriminalizing cannabis, he was then the leader of the liberal party and opposition, called for taking it a step further. legalization, tax and regulate. when the policy becomes a reality, canada will be the world leader in this industry. the question is how long can the rain last? last? there are a few --isdiction when it distinction -- jurisdictions when it comes to legalizing an entire country, how long do we get to keep the advantage? >> best the $60 billion question , canada, one week from now, we will be the second country in the world to legalize marijuana nationally, after uruguay, which is very small. canada is facing the looming prospect of increasing american competition. because marijuana remains federally illegal even though it's legal in several states, investors,sues with bankers getting involved from the american side of things, that's giving canada clearly do. but if and when the united

this is amanda, founder of amanda paws rescue. >> mom, mom, mom. it's time, mom. >> this is ruby.uby has a fractured humerus. that's why ruby has been in the crate all night because they don't want her to get further injured and amanda is one of the people who has this globe because she takes in the animals that to nobody wants. she takes in animals that need major medical care. this is just someeeeee you will see in amanda to the rescue. to tell us more, we have amanda by skype. welcome. >> hey. >> how did you get started doing the rescues that nobody else wanted? >> i was working in a veterinary clinic. i did not like the quality of care that the stray animals were getting. the injured animals weren't getting the proper medication or comfort they truly deserved because they weren't attached to a bank account. so i would take over their care and once they were ready eventually find them a family. >> what do you get out of this? >> what i get out of this is knowing that these animals are gettingheheneed, that they're pain free. they have great quality of life and they eventually f

this is bloomberg. ♪ amanda: this is bloomberg markets, i'm amanda lang.rkey isy getting closer for laying blame on -- president erdogan on spoke earlier this morning, in a highly anticipated speech. at a future in -- given at the same time as a future investment conference in riyadh. he rejected the kingdom's narrative of the events. >> we have in our hands, strong indications that this murder was not the result of a sudden incident, it was the product of a planned operation. shery: for more we now welcome shadi hamid. thank you for being with us. how big of an opportunity is this for president or -- erdogan? >> there has been a lot of anticipation for this a speech and for the turks to be more clear by the evidence they have. for the last two weeks we have seen a steady stream of leaks from turkish intelligence officials. this is the first big statement from the president, and even someone of his stature. not change the narrative, there were no big surprises but it shows that turkey is not letting this go. the story itself is not going to go anywhere bec

avallee.e leve this is bloomberg. ♪ amanda: this is bloomberg markets. i'm amanda lang.ry: i'm shery ahn. was theucture spending key pledge of canadian prime minister justin trudeau's government during the 2015 campaign. the canadian infrastructure bank is now ramping up and the head of the bank says it is open for business. we are joined by pierre lavallee, the president and ceo of the bank. you say your open-door business but you will not be financing the transmountain oil pipeline project. why is that, what will you be focused on funding? >> the bank was created to invest in new infrastructure, where the banks participation would enable a project to come to life, where private sector funding alone could not. we were not set up to assume political risk or underwrite political risk in that situation. the federal government decided to act directly and on its own. let's talk about what kind of projects you are looking for. one of the criticisms about the bank is it has taken a long time to see meaningful money go out the door, partly because it took a lot of time to hire

i consider -- like i have a life with amanda, and now i have a life without amanda.really hard to think about. >> it's like resetting the clock. it's sort of a new life. >> yeah, absolutely. i mean, i know she'll be here forever with me in my heart, and i have all these memories to cherish with her, but this is just a new -- a new life without amanda in it. >> i understand she actually texted you on saturday. what did she say? were you able to respond? >> she texted me around 12:55 p.m. saying they were getting a limousine to go to a brewery in cooperstown, new york. and i was at work that day, so i wasn't able to reply to her right away. so i replied around 2:00, but at that time it was already too late and she was already gone because the accident happened just before 2:00. >> and i wonder when you hear that the limousine had failed inspection, the driver didn't have the proper license, what goes through your mind? >> you know, it just really hurts to think that this would -- how could this ever happen? i don't understand how it happened or why this was able to hap

amanda: and in toronto i'm amanda lang.e the top stories that we are following from around the world. than half of the s&p 500 companies have reported quarterly earnings, we have the earnings scorecard so far. and a bloomberg scoop, the u.s. is set to expand china tariffs, if the meeting with china's president falls a short. and no more bad news, facebook is hoping for good numbers when they report their numbers after the closing bell today. and of course, facebook shares are being closely watched, because of all of the turmoil, not least the lust of key executives and -- not least with the loss of key executives and the faang weighing on the markets. shery: they have had a tough year, look at the downtrend in the stock, they lost more than $200 million -- $200 billion in market value, the stock losing 30% in this coming in the time when markets are holding out -- trying to hold onto gains. the dow is up to 10th of 1%, the s&p 500 is flat and the nasdaq is trying to hold onto gains and losing 2/10 of 1% at the moment. we ha

amanda: and i'm amanda lang in toronto.ts like economy is -- move in cycles, we have howard marks, and he says of all the cycles to watch, the credit cycle may be the most important. i spoke with him earlier today. >> the credit cycle is extremely and influential. most people don't understand it. that combination of three things means that people really should learn about that. available,is freely to put it briefly, bad deals get done, that companies can raise money, securities raised too high, loan protections go down. that's not a great time to be a provider of capital. every once in a while we get something called a credit crunch, and the credit window, the place were people go to borrow and get capital for business slams shut. all of a sudden, mostly out of , in relationship to negative events in the world. then no one can get money, even good companies. the standards are incredibly high and that the -- a terrific time to be a provider of capital. it's incredibly influential, and something people should bone up on. abou

amanda: i'm amanda lang. welcome to bloomberg markets.ed by our bloomberg and bloomberg audiences. shery: care of the top stories we're following. brazil lurches. latin america's largest economy. what will his victory mean for markets? plunges. the presidential election rattles investors as he trapped the project. a tax cutonsidering to revive its flagging automotive markets. we are live in detroit for the details. what a day it was for the brazil elections. a very divisive, very emotional campaign. the latest victory for far right nationalist candidate. we have seen that surge in europe as well. now, we are also seeing german chancellor angela merkel say she will not be running for another term as chancellor. bringing to an end her moderate conservative leadership. amanda: really interesting. that following a loss of a key ally in her government. blow to her as a ability to govern. to your point, as we see this lurch to the right to nationalism, populism, we are seeing some of the moderate leaders that have held the world together for ma

that's how amanda lived.efully i can carry that on with me. >> karina, again, i'm so sorry for you and your family. i hope you get answers in the days ahead of exactly how this could have possibly happened. >> i hope so too. >> i wish you strength, karina. thank you. >> i hope so too. thank you. i know amanda is giving it to me today, so i'm feeling her around. >> i'm glad. i'm glad you're feeling her. thank you, karina. you take care. >> thank you. >>> we have more braeeaking new. a powerful storm is winding up and expected to hit the united states. here's the projected path for hurricane michael as it churns onward tonight. we'll have the latest from the national hurricane center, when they say michael might hit and where. so why not bundle them with esurance and save up to 10%? which you can spend on things you really want to buy, like... well, i don't know what you'd wanna buy because i'm just a guy on your tv. esurance. it's surprisingly painless. ... in an emergency, minutes can mean the difference betw

amanda: i am amanda lang. here are the top stories we are following from around the world.lame it on the fed. president trump pointing the finger at jerome powell and company for the market threat. it bloomberg exclusive, what is threatening the corporate bond market and the $1 trillion powder cake ready to explode. plus, pot companies continue to be the stock markets latest stars. why investors are so canada's crazy. >> we are seeing u.s. stocks still under pressure for a sixth day, the longest losing streak -- the net cash efforts with this is toy 16. still come utilities, energy stocks leading declines on the s&p 500, which is still slightly higher than the 200 day moving average. the dow is down 6/10 of 1%. 2000 popped into positive territory a couple of times but is now losing .2%. the 10 year yielding, one point moving through 2.3%. losing groundex for the third session dropping against most of the g10 peers. >> you mentioned the average. i want to take you closer to that. it is something market watchers are paying attention to, and the , 2766 or below, that is the mo

. >> reporter: corrina's older sister, amanda, also died. >> i think just having my sister around is what i'm going to miss the most. having her physically here. i was thinking i could really go for an amanda hug right now. >> reporter: this morning, the attorney representing the limo firm says the limos were safe. >> as far as we know, there were no mechanical issues with the vehicle. and any defects that did exist in the past, the owners went through great pains to make sure those had been fixed. >> tom costello reporting there. >>> state police say they're conducting autopsies on the victims, including a full toxicology report on the driver, looking for any evidence of drugs or alcohol. they're also looking at whether

adam's back, bakari, and amanda. ama amanda, you worked for ted cruz. second time he's been confronted like this in public. i think he had a good response, kprz yo exercise your first amendment right. >> that's no big deal, that's a day in the life of any public official. you can see he wasn't phased by that. the restaurant thing, ted cruz doesn't care about that. he knows he doesn't take off the senator hat when he goes to have dinner with his wife. like, it's uncomfortable to see. that said when mitch mcconnell is talking ability this backfiring, he's not talking about that. he's talking about the kavanaugh hearings where there were 20 million people, and tay saw protester after protester getting hauled out by the capitol police, interrupting a hearing a lot of people wanted to watch. so i think that's where mitch mcconnell feels they had some success because those hearings in particular, the protesters interrupting over and over again, that did have a galvanizing affect on the base. >> adam, do you think these kind of confrontations play right into t

edith: and it was a watercolor, a portrait of amanda that kayla had drawn off of one of the pictureshat was on the website for amanda. announcer: it was a touching gift, but once again kayla's art packed more power than anyone expected. edh: it, i just--it just clicked. i knew, i said, "kayla, i think i have a project for you." remember this, kayla? announcer: many years earlier, edith had written a children's book she regularly read to her kids, one of the main characters using a wheelchair just like amanda. edith had illustrated the book at the time with random clipart images, but now thought it and amanda deserved something more, and asked kayla to deliver it. kayla: i feel very honored. edith: the fact that she has a disability herself and is able to come up with such good work, it just--it makes the books that much more meaningful. announcer: the finished product, now two books promoting the capability of those with disabilities, has done good for both women, one proving once again she has more to deliver this world than she ever thought. and for the other, preserving in print f

amanda del castillo is live in san jose at one of the stores that closed this summer. amanda?orter: good morning, reggie. we only said good-bye to the retail giant and geoffrey the giraffe back in june s. signs pcomeback.to go a possible we know "the wall street journal" reports lenders who bought the chain canceled a planned bankruptcy auction despite receiving qualified bids for us, babies "r" us, geoffrey is the giraffe and websites. no one seems to know whether this means more toys "r" us kids could be a thing of the future. buff the move has given the company an opportunity to relaunch its brand. >> i think i's great. it's sad that they were closing. b i buy toys for kids, my grandchildr grandchildren. i think it's wonderful. >> reporter: the company filed for bankruptcy. this march of this year, they announced all 740 u.s. stores would be closing. back in june, we know the last we saw geoffrey, he was in a vacation shirt with a suitcase in hand. maybe that was a hint that he and the retail giant would be making a comeback soon. live in san jose, amanda del castillo, abc

amanda del castillo, abc 7 news. >>> amanda, thank you. developing news. here is where we stand with brett kavanaugh. 100 senators will meet on capitol hill at 6:30, just 30 minutes from now. >> a test vote is scheduled for 7:30. the final confirmation vote could happen tomorrow >>> senators susan collins, jeff flake, joe manchin, lisa murkowski say they are undecided. the vote could remain open until sunday morning. kavanaugh is defending himself in an op-ed for "the wall street journal". he notes i might have been too emotional at times. i know my tone was sharp and i said a few things i should not have said. people protesting against him in palo alto were met with counterprotesters who support the supreme court nominee. >> a small group of kavanaugh support issers drove into town from the east bay. they were up against hundreds of neighbors. rick smith explains how it will follow him. >> sticks with him in terms of his reputation. for ever. even if he's confirmed, it is still going to be with him. more protests expected today and into the weekend. u.s.

amanda carpenter as well. we're going to come right back. i want to talk about the larger question in all of this and perhaps an ugly one. how effective has the president been on the campaign? truth or untruth. and are the democrats too optimistic about their chances coming up in this midterm election? >>> later, breaking news. what the president just said about the murder of an american resident, allegedly by the saudi government, jamal khashoggi, ahead. it or a made-up creature.r. it doesn't have wings, horns or teeth. there's no self-appointed crown. it doesn't repurpose someone else's legacy. it's not a metaphor or the result of a merger. it's none of those things. it's our family name. that skills like teamwork, attention to detail, and customer service are critical to business success. like the ones we teach here, every day. and customer service are critical to business success. if you're waiting patiently for a liver transplant, it could cost you your life. it's time to get out of line with upmc. at upmc, living-donor transplants put

amanda del castillo has that story. amanda >> reporter: net neutrality has been one of the hottest topics of debate the last few years. ahead of the midnight deadline, governor jerry brown did sign that into law. it would guarantee full and equal access to the internet. the justice cities department filed suit hours later, arguing it isn't states but the federal government that has exclusive power to write rules governing the web. the chairman is backing the administration saying not only is california's internt regulation law illegal, but that it also hurts consumers. we spoke with scott wiener of san francisco who authored the bill. he said in the world of president trump and the federal government, no one is allowed to protect an open internet. >> these guys are completely in the pocket of big corporations. they don't care about democracy or about access to the internet. >> reporter: he adds california fought president trump and attorney general jeff sessions on their immigration lawsuit. california won. and he said

give it up for amanda peet everybody.g on amazon prime video and new episodes added on friday. we'll be right back with more "late night." here's to you one more time. [ cheers and applause ] ♪ here's a good halloween trick. buy a bunch of reese's. (uh huh, there you go) turn off all the lights in your house. (yeah yeah) ( trick or treat!) and then just don't answer the door. not sorry, reese's. opportunlike here.rywhere. and here. see? opportunity. ev-er-y-where. about to be parents. meeting the parents. and this driver, logging out to watch his kid hit one out of the... (bat hits ball) opportunity is everywhere. all you have to do to find it is get out...here. ♪ oneeeee... did you try this one? feel this one, it's amazing! twooooo... it's nice. but it's kinda pricey. hi. hi. you can't skimp on a decision this important. a mattress is where you'll spend over half your life and eat all your meals. but it's all good. just use pay it plan it. pay it plan it is designed for you from american express. split large purchases up

amanda: i'm amanda lang in toronto.ience head to the polls -- brazilians head to the polls the sunday. the front runner is the conservative candidate who has been compared to president trump. here with more, roberta braga from rio. let's start with what it is about him that is worrisome. we see headlines that democracy is being voted on in brazil. how concerning is it? i have seen him called a pro dictatorship candidate. >> there are things he has said that have been very controversial. he has a few policies that are strong handed, which for many brazilians are a positive things looking for more security pray for others, it is concerning. one of his policies is about the liberalization of gun laws when violence rates are high. those are concerning. dictatorshipd the days at times. to democraticning institutions in brazil's. many are willing to overlook this if he can deliver on a safer and more prosperous brazil for them. vonnie: we have seen divisive candidates have good runs around the world. that domestic investors s

jon: that was there a white speaking with amanda lang. -- that was darryl white speaking with amanda lang. this is bloomberg. ♪ jon: danielle is live at the capital lives for kids investors conference. she joins us with a special guest. >> i'm joined by kim shannon, the president of sionna investment managers here in toronto. thank you for making time with us. it has been a pretty rough market across north america, around the world, really. one of your best-performing funds, even though you focus on canada, has a lot of offshore holdings. how difficult is it to make money in canada right now? canada is actually an overlooked market in a lot of ways. every market in the long-term gets the same level of return. when you look at financial market history, candidate gets a similar return to other major markets in the world with less risk than the rest of the world. canadians love to criticize canada. comparingays ourselves to the largest market next door to us, the united states. they think we are showing up poorly and we don't. canada has historically underperformed the u.s., but that is

show, amanda. >> thank you so much for having me.ve to specify not the e-mails she sent. >> seth: right. [ light laug >> the ones you might have gotten in your in-box. >> seth: sort of fund raising e-mails. >> mm-hmm. >> seth: s very invested in the outcome of this election. it was not the outcome you were covetous of and you started run for something immediately, yes? >> pretty much in, election day comes and goes. i am devastated, c angry, puking out of a cab in brooklyn somewhere. >> seth: that's happened before. you don't have to beat yourself up. >> as we all do. >> seth: yeah. [ light laughter ] >> i start hearing from friends from high school and college reach out to me to say, "hey, i'm thinking about running fse office becf this idiot can be president why can't i run for city council?" >> seth: one of the positives. yes. >> mm-hmm. [ cheers and applause ] "what do i do?" i didn't have an answer for them. there was nowhere you could go if you wanted to run for office. so, i reached out to an incredible cofounder, ross morales

mccormack, mlb network analysts sean casey and kevin millar, executive director of "run for something," amandaitman. featuring the 8g band with daxx nielsen. ♪ [ eers and applause ] ladies and gentlemen, seth meyers. >> seth: good evening. i'm seth meyers. this is "late night." how is everybody doing tonight? [ cheers and applause ] that is fantastic to hear. in that case, let's get to the news. majority leader mitch mcconnell repeated today that the senate will vote on supreme court nominee brett kavanaugh this week because, damn it, it's on the calendar. [ laughter ] president trump tweeted today, quote, "the only reason to vote for a democrat is if you're tired of winning." [ laughter ] and nobody at the white house is willing to tell him he misspelled "whining." [ laughter ] a former classmate of supreme court nominee brett kavanaugh has come forward to dispute kavanaugh's depiction of his drinking habits, saying, quote, "there is an angry streak that comes out when brett drinks." oh, we know. that guy cannot handle his water. [ laughter ] according to a former yale classmate, supreme cour

amanda del castillo joins us. amanda >> reporter: good morning, reggie, jessica.ur surface transportation is disappointing, but it's not surprising. that's according to the american society of civil engineers. now, this grades three things, including our bridges, transit system, and our roads. california roads got a grade of d as in dog. the asce said california hasn't invested enough money to expand, fix or maintain any of the three categories that were graded. >> in vesting in infrastructure is as american as apple pie. shame on us that we don't do it. this is our common good, our common quality of life. >> many are deep red states that are typically fiscally conservative. california only joined them in increasing that tax last year. reporting live in san jose, amanda del castillo, abc 7 news >> amanda, thank you. is there any really bad road where you live in? send us a picture with the picture, video and location. we'll reach out to officials to see why it is not getting fixed? one big closure is the salesforce in san francisco. there is still no estimated dat

and it is search and rescue mission all right journalist amanda siddharth bringing us up to date from jakarta thank you very much. now germany's shaky coalition government is reeling from another election blow today after a vote in the state of hessen conservatives were hammered in the election there they've only just managed to cling on to power while merkel's national coalition partners of social democrats were handed their worst ever result in the state. it's been a sobering night for chancellor merkel's christian democrats and the has the state capital the c.d.u. premier can remain in office but no one is calling this result a success and the disappointment is even greater among the social democrats this is the s.p.d. as worst result in has the state elections. out of nearly four and a half million voters and has about sixty eight percent cast their ballots the results underscore the flagging support for chancellor merkel's coalition government in berlin with punishment for both the c.d.u. and the s.p.d. . party leaders in berlin are now ready to change course. to introduce the po

amanda what do we know about why this plane went down we've seen reports that the c.e.o. of the airline has said that there was a technical problem on a previous flight but that had been solved according to procedure so what more can you tell us about that so the plane is said to have engine failure about thirty minutes after. it took off. what we know so far that. international obviously requested it all or the plane to return to base shortly before he lost all contact. ok and what more can you tell us about how are the words they're reacting and the rescue efforts. have just had a search and rescue mission. and if you look at the debris. the plane as you said but so far there are no survivors and in tunisia as have expressed their condolences on social media there's a national going on right now. but we are still hopeful that there will be survivors of the plane crash what about the relatives of the passengers amanda they've been gathering at the airport is that right. yes there is an emergency. based at up at the airport for relatives. to get more information of the pl

aman amanda? >> reporter: the lee and penny anderson first opened its doors in 2015. to this day it's provided 115,000 bed nights for our heroes saving nearly $35,000 in lodging costs. the men and women who walk through these doors put the lin country. it has helped our nation's heroes so they don't have to sacrifice their last dime for temporary lodging. many tell abc 7 news high hotel rates often kept veterans in their vehicles ahead of doctors visits. >> so there's a lot of folks sleeping in their cars or traveling a great distance. >> reporter: while billy briels and his wife still make the more than 100 mile trek for treatment, they no longer have to sleep irtheir car. the double purple heart recipient was hit by shrapnel and came home a wounded wariar. va palo alto leaders and the foundation started to take notice. >> people forget match they forget the sacrifices veterans made. and veterans aren't front and center often enough and what they've done for all of us and so self-lessly. >> reporter: they came together it fund the lodge's construction costs. the one

rich: i am amanda -- amanda: i am amanda lang. shery: let's turn now to a battle of brexit.exit deal is a vital part of britain's plan. future has to be a high wage deal economy. it cannot to be any other way and that means raising our productivity performance. our challenges productivity but the good news is we are quite a our competitors and that is a reserve that we can draw on to fuel economic growth as a find the key to unlock the productivity challenge. >> good you possibly go the way where -- could you possibly go the way where you could address infrastructure spending? >> big issue for the u.k. economy is it is operating effectively -- our problem is not on the supply side, our problem is on the demand side. the man should take care of itself as wages rise in response to higher productivity performance. but, of course, we are in a period of uncertainty because of the brexit negotiations and i have said that we will keep an appropriate fiscal reserve so that if we need do, we can intervene to support the demand of the u.k. economy. >> chancellor, are you comfortable w

my name is amanda lamb and i am a crash survivor. about threeea

ne reporter amanda del castillo is live with what she's learned about the victim. amanda?rter: dan, dion, today i spoke with dominic sarkar's friends and former colleagues who say that his death is not only a tough loss for those who knew him but also a loss for the culinary world. dominique sarkar was known for his culinary skills. workers at rangoli flavors india on treatment tell us sarkar was eight to ten months. for nine years before that, he worked in this kitchen at passage to india in month view. >> everyone loved him. he was very well respected and a master. >> reporter: shi vanny was here with sarkar on sunday. he told the crew he was about to fly to india but would return after his three-week trip. sarkar was going to india to visit his wife and three daughters. his flight was set to take off sometime monday morning. >> after coming back from india, he was going to going to come here and very much excited about it. >> reporter: he left the restaurant around 2:00 p.m. and returned home to fremont. around 12:30 a.m., a neighbor reported hearing gunshots. police fo

live in san francisco tonight, amanda, abc7 news. >> fun.s, amanda. >>> san francisco isn't the only lucky california city tonight. mega millions players in seven other cities, stockton, san diego, chatsworth, arcadia and nor walk matched five of the six numbers. >> do not despair. there's always tomorrow's powerball drawing. the jackpot is $620 million. not a bad consolation prize. >> we're still in the game. >>> moving on, developing news tonight, firefighters, oakland police, and private security are still on the scene of a massive fire in oakland. flames destroyed nearly half of a new housing complex on west grand avenue early this morning. oakland fire department officials say they only have two investigators so they've called in the atf. the team will arrive tomorrow. as abc reports, it's being investigated as the latest suspicious fire in that area. >> reporter: frank showed us what he capture from the his home overnight. >> the hugest fire i have ever seen in my life, and there was embers and fireballs raining down. >> reporter: the

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amanda as well. we'll come right back. i want to talk about the larger question in all of this and perhaps an ugly one. how effective has the president been on the campaign. truth or untruth, and are the democrats too optimistic about their chances coming up in this midterm election? >>> later, breaking news. what the president just said about the murder of an american resident, allegedly by the saudi government, jamal khashoggi, ahead. today... back pain can't win. now introducing aleve back and muscle pain. only aleve targets tough pain for up to 12 hours with just one pill. aleve back & muscle. all day strong. all day long. ♪ ♪ whooo! want to take your next vacation to new heights? tripadvisor now lets you book over a hundred thousand tours, attractions, and experiences in destinations around the world! like new york! from bus tours, to breathtaking adventures, tripadvisor makes it easy to find and book amazing things to do. and you can cancel most bookings up to 24 hours in advance for a full refund. so you can make yo

amanda: i am amanda lang.out jamal khashoggi's of -- disappearance, she said that the candidate was gravely concerned about the death of the journalist. prime minister justin trudeau convened a meeting to discuss it. she would not say whether the arms contract is canceled. she did say that they are concerned. she says that tariffs are unjust. many will remember they are in a bit of a dispute with saudi arabia. let's -- on that topic.ay mackenzie is in the crosshairs when it comes to the issue. memo authored a by mackenzie identifying several people driving negative conversations about the kingdom on twitter who are all later arrested or had social media shut down. is responding. first of all, what is mackenzie saying about all this? reporter: mckenzie is saying they are horrified that this memo they put together that talks about social media use and drivinged the full negative conversations could be used in that way. they said, we only made this for internal use, and we are horrified. >> they said, yes, sure.

joining us now david gurgen and political commentator for senator ted cruz, amanda carpent carpenter. just to tie a bow on this, what strikes me most is the reporting that rod rosenstein has made clear that he wants mueller to wrap this up soon after he had the plane ride with the president that made everything chummy i suppose. what does that indicate to you? >> it indicates to me he is still not certain what is going to happen after the mid terms whether jeff sessions will be fired or he may be fired. he doesn't want to compromise the investigation. he wants to tell him there will be pressures. how can you predict what he is going to do? it has been really notable to me that in this quiet period we have had where mueller has been keeping below the radar screen, donald trump's numbers have been

amanda del castillo is live in san francisco.a. >> reporter: they tell us customers across the north bay and sierra foothills are without power this morning. this is all part of the proactive approach to fire prevention. a company smokes man matt nowman said crews are inspecting the lines throughout the region. they will need to make sure trees aren't creating hazards they would otherwise avoid. impacted areas are surely being in convenienced but nowman says it's all in the name of safety. >> all the customers who have been impacted are in tier 3, high fire risk areas. they were told this was a possible. nauman said this pg&e action is based on localized weather forecasts. he said once the forecasts allow, then restoration of that power pg&e customers across the north bay and foothills remain without power. reporting live in san francisco, amanda dell castilla, abc news. >>> a san francisco alley home to dozens of murals will restore work after someone vandalized several of them. they drew pro-trump messages on clearing an alley

reporting live in san jose, amanda del castillo, abc 7 news. >> amanda, thank you.here any really bad road where you live in? let us know. use the hashtag better bay area with picture, video and location. we'll reach out to city officials to see why it's not getting fixed. >>> now your morning money report. sears is planning to close more stores by the end of the year. >> pwarpbls and noble is also for sale. the company board will offer one from the largest shareholder. barnes & noble has 600 stores. sales down 6% in the last were quarter. >>> when amazon announced it was raising minimum wage for all workers this week, there was fine print. the deal to pay people $15 an hour also includes cuts. warehouse workers will no longer receive bonuses on productivity and stocks. >>> trading gets under way this morning. you can see we are down a bit. 77 points. happening today, a familiar roar over many parts of the bay area. >>> the blue angels will practice over the skies of san francisco from 1:00 p.m. to 5:00 p.m. then tomorrow, saturday, and sunday, you'll see the airsho

amanda stretton, so lovely to have your own, thank you very much indeed.nce's renault is offering owners of older diesel vehicles in germany incentives to trade in their cars for newer and cleaner ones. it's the first foreign car—maker to give in to pressure to play a role in germany's anti—pollution efforts. renault says owners could be eligible to receive between $2,000 and $10,000 to trade in their vehicle for a new renault car, regardless of what type of engine the new model has. a budget airline which began offering long—haulflights from uk airports earlier this year, including sta nsted to the us, has collapsed. primera air ceased all operations at midnight on monday, uk time, after 1a years of operations. flights to washington and new york due to leave stansted on monday night were grounded and passengers have been told not to go to the airport on tuesday. adam mosseri has been named the new head of photo—sharing giant instagram. it comes a week after the firm's cofounders resigned, offering little explanation for their exit. mr mosseri began his ca

amanda, you wrote the book gaslighting. this is gaslighting in a major newspaper. the line's not new, but is this a new front? >> you hit the nail on the head. >> you have to ask yourself why is trump writing this op-ed at this point in time? all the polling indicates that health care remains a major concern for all voters because obamacare didn't drive cost down, what president trump has done has not driven cost down, so this remains a big issue. and so president trump is really defensive about it. so lo and behold here's an op-ed warning about medicare for all and attempting to depict the democratic party as a wild eye socialist. and let me tell you this is going to get some traction because bernie sanders the sponsor of this bill is self-revived socialist. he has a number of cosponsors on the bill. who are considering 2020 presidential runs. so i think this is table setting additionally for 2020 as well. and these tactics are very effective because right now there is no clear leader of the democratic party. and every republican strategist worth their salt would

amanda del castillo has that story. amanda >> reporter: reggie, our state is now one of four that have passed its own net neutrality laws. though california's measure is being touted as the most comprehensive. net neutrality has been one of the hottest topics of debate the last several years. it's the principle that all internet traffic is treated fairly. the any law would prevent providers like at&t and comcast from blocking or slowing data and would protect people from being charged more for some websites, while being denied access for others. >> we understand that there will be a long process in front of us to help manage the legislation on a national basis. but this is part of the due process that we need to go through in this country. >> a statement by u.s. attorney general jeff sessions reads in part, the justice department should not have to spend valuable time and resources to file this suit today. but we have a duty to defend the prerogatives of the federal government and protect our constitutional order. now,

robert, you amanda, thank you both for joining us. we appreciate it. >> thank you.time now is about 20 minutes until the top of the our many alec baldwin makes an snl return to mock the oval office meeting between president trump and kanye west. >> let's remember the big lesson today that black people love me, they love me way more than they love alec baldwin. heather: he wasn't done there. his new calls to overthrow the president and while you were sleeping a royal announcement for prince harry and his new bride, meghan markle. ♪ whoa, sweet child of mine. ♪ heather: welcome back. the mayor of portland defending his hands-off approach of not letting police interfere with antifa protesters. ted wheeler responding to a viral video showing demonstrators harassing drivers protesting the death of a black man shot by police last month. this coming days antifa members counter protested a patriot prayer march, burning an american flag, someone dashing in to save it from the flames. four people were injured. >>> high school band is barred from a yearly state competition ove

thank you so much. >>> earlier i spoke with karina halse whose sister, amanda, was killed in the crashnd with karina, her boyfriend ian griffen and i asked what she was being told by authorities. >> we were told that the limousine was going down the hill over 60 miles an hour, missed the stop sign and then hit another car which hit two more pedestrians and killing 20 altogether. >> when was the last time that you heard from your sister, amanda? >> saturday was the last time that i had texted her. however, i just saw her last saturday. me, her and my mom all went to this little plant shop in vermont and we had just a really nice day out together, and that was the last time i saw her. >> i hope that brings you some measure of comfort that you saw her so recently and you had such -- >> of course. >> -- a good time with her, karina. >> thank you. i appreciate it. >> and did you know anybody else that was traveling with your sister at the time? >> yeah. my sister was in the limousine with her boyfriend patrick. and then i think the rest of the people are all friends of patrick and amanda. >